Question
EconomyDigital Economy and FinTechDigital Financial Infrastructure and InclusionMedium (editorial estimate)
Question details
Type:
Statement based
Skill:
Concept understanding
Tags:
Digital Financial Infrastructure and Inclusion · The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/describe this term?
Related topics:
Banking Regulation and Prudential Norms

Classification and difficulty are editorial labels. Explanations are awaiting review.

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The term 'Core Banking Solutions' is sometimes seen in the news. Which of the following statements best describes/describe this term? 1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. 2. It is an effort to increase RBI's control over commercial banks through computerization. 3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. Select the correct answer using the code given below.

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Question 29 · Digital Financial Infrastructure and Inclusion · Economy · UPSC Prelims 2016 (GS)

Topics and years

2016 · GS · Question 29